ICICIBANK
Icici Bank Ltd.
Max pain for ICICIBANK
06 Sep 2024 04:10 PM IST
Max Pain for ICICIBANK is 1220
Strike 1000 has a total call value of 0 versus a total put value of 198,489,200,000 Combined total value = 198,489,200,000
Strike 1010 has a total call value of 0 versus a total put value of 187,731,600,000 Combined total value = 187,731,600,000
Strike 1020 has a total call value of 0 versus a total put value of 176,974,000,000 Combined total value = 176,974,000,000
Strike 1030 has a total call value of 0 versus a total put value of 166,216,400,000 Combined total value = 166,216,400,000
Strike 1040 has a total call value of 0 versus a total put value of 155,458,800,000 Combined total value = 155,458,800,000
Strike 1050 has a total call value of 0 versus a total put value of 144,729,900,000 Combined total value = 144,729,900,000
Strike 1060 has a total call value of 0 versus a total put value of 134,043,000,000 Combined total value = 134,043,000,000
Strike 1070 has a total call value of 0 versus a total put value of 123,356,100,000 Combined total value = 123,356,100,000
Strike 1080 has a total call value of 0 versus a total put value of 112,679,700,000 Combined total value = 112,679,700,000
Strike 1090 has a total call value of 0 versus a total put value of 102,008,200,000 Combined total value = 102,008,200,000
Strike 1100 has a total call value of 0 versus a total put value of 91,360,500,000 Combined total value = 91,360,500,000
Strike 1110 has a total call value of 49,000,000 versus a total put value of 81,585,000,000 Combined total value = 81,634,000,000
Strike 1120 has a total call value of 98,000,000 versus a total put value of 72,093,700,000 Combined total value = 72,191,700,000
Strike 1130 has a total call value of 154,000,000 versus a total put value of 62,928,600,000 Combined total value = 63,082,600,000
Strike 1140 has a total call value of 210,000,000 versus a total put value of 53,869,200,000 Combined total value = 54,079,200,000
Strike 1150 has a total call value of 266,000,000 versus a total put value of 45,087,700,000 Combined total value = 45,353,700,000
Strike 1160 has a total call value of 379,400,000 versus a total put value of 37,226,000,000 Combined total value = 37,605,400,000
Strike 1170 has a total call value of 545,300,000 versus a total put value of 29,880,900,000 Combined total value = 30,426,200,000
Strike 1180 has a total call value of 781,200,000 versus a total put value of 22,953,700,000 Combined total value = 23,734,900,000
Strike 1190 has a total call value of 1,148,700,000 versus a total put value of 17,048,500,000 Combined total value = 18,197,200,000
Strike 1200 has a total call value of 1,628,200,000 versus a total put value of 12,047,700,000 Combined total value = 13,675,900,000
Strike 1210 has a total call value of 2,984,800,000 versus a total put value of 8,757,700,000 Combined total value = 11,742,500,000
Strike 1220 has a total call value of 4,648,000,000 versus a total put value of 5,908,700,000 Combined total value = 10,556,700,000
Strike 1230 has a total call value of 7,657,300,000 versus a total put value of 3,849,300,000 Combined total value = 11,506,600,000
Strike 1240 has a total call value of 12,165,300,000 versus a total put value of 2,519,300,000 Combined total value = 14,684,600,000
Strike 1250 has a total call value of 18,956,700,000 versus a total put value of 1,639,400,000 Combined total value = 20,596,100,000
Strike 1260 has a total call value of 28,012,600,000 versus a total put value of 1,150,100,000 Combined total value = 29,162,700,000
Strike 1270 has a total call value of 38,511,900,000 versus a total put value of 805,000,000 Combined total value = 39,316,900,000
Strike 1280 has a total call value of 49,821,800,000 versus a total put value of 504,700,000 Combined total value = 50,326,500,000
Strike 1290 has a total call value of 61,781,300,000 versus a total put value of 245,000,000 Combined total value = 62,026,300,000
Strike 1300 has a total call value of 74,318,300,000 versus a total put value of 29,400,000 Combined total value = 74,347,700,000
Strike 1310 has a total call value of 88,255,300,000 versus a total put value of 14,700,000 Combined total value = 88,270,000,000
Strike 1320 has a total call value of 102,725,700,000 versus a total put value of 0 Combined total value = 102,725,700,000
Strike 1330 has a total call value of 117,426,400,000 versus a total put value of 0 Combined total value = 117,426,400,000
Strike 1340 has a total call value of 132,344,800,000 versus a total put value of 0 Combined total value = 132,344,800,000
Strike 1350 has a total call value of 147,700,700,000 versus a total put value of 0 Combined total value = 147,700,700,000
Strike 1360 has a total call value of 163,114,000,000 versus a total put value of 0 Combined total value = 163,114,000,000
Strike 1370 has a total call value of 179,055,800,000 versus a total put value of 0 Combined total value = 179,055,800,000
Strike 1380 has a total call value of 194,997,600,000 versus a total put value of 0 Combined total value = 194,997,600,000
Strike 1390 has a total call value of 210,989,800,000 versus a total put value of 0 Combined total value = 210,989,800,000
Strike 1400 has a total call value of 226,982,000,000 versus a total put value of 0 Combined total value = 226,982,000,000
What is Max Pain?
Max pain, or the max pain price, is the strike price with the most open contract puts and calls - and the price at which the stock would cause financial losses for the largest number of option holders at expiration.
Calculating Max Pain
Max pain is a simple but time consuming calculation. Essentially, it is the sum of the outstanding put and call dollar value of each in-the-money strike price. For each in-the-money strike price for both puts and calls:
- Find the difference between stock price and strike price
- Multiply the result by open interest at that strike
- Add together the dollar value for the put and call at that strike
- Repeat for each strike price
- Find the highest value strike price. This price is equivalent to max pain price.
How can a trader benefit?
As the option expiration approaches, option writers will try to buy or sell shares of stock to drive the price toward a closing price that is profitable for them, or at least to hedge their payouts to option holders. Call writers sell shares to drive share price down and Put holders buy shares to drive share price up. The max pain strike price exists somewhere in the middle.